43 Disposal of land comprising former public road owned by
(1) This section applies to land vested in a council and forming part
of a former public road.
(2) Land to which this section applies is operational land for the
purposes of the Local Government Act
1993 unless, before the land becomes vested in the council,
the council resolves that it is to be community land, in which case the land
is community land.
(3) If the land is disposed of by sale, the proceeds of sale (less the
costs of the sale) are to be paid to the council.
(4) Money received by a council from the proceeds of sale of the land
is not to be used by the council except for acquiring land for public roads or
for carrying out road work on public roads.